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GM stock closes at $2.18

AndyM

AndyM

Charter Member
Anyone want to buy GM?
If my math is close to being right (I'm sure Gatorboy will double check it for me), you could pick up over 50 percent of the common shares of GM stock for around $600 million right now. :whistling:
 
thcri

thcri

Gone But Not Forgotten
GM and Chrysler just asked for more money today as we expected. Is this the reasoning for the stocks to drop so low? It is a funny thing I need a new pickup and have been looking at Chevrolet and Fords. Ford is being more aggressive and lowering the price off the list. Chevy is hanging in there really tough and the one I want will more than likely be sitting on lot after this week.
 
waybomb

waybomb

Well-known member
GOLD Site Supporter
The company is technically bankrupt. It is worth zero. The $2.18 is a premium.
 
Melensdad

Melensdad

Jerk in a Hawaiian Shirt & SNOWCAT Moderator
Staff member
GOLD Site Supporter
Gold is looking pretty good right now.
 
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